Organic Olive Oil Global Market Size, Insights Forecast, Growth, Trends 2024-2033
Organic Olive Oil Market Size, Insights Forecast, Growth, Trends 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs ”
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The organic olive oil market has experienced robust growth in recent years, expanding from $1 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rising consumer awareness about health benefits, increasing disposable income, growing popularity of mediterranean diet, expansion of organic farming practices, government subsidies and support, improvements in supply chain infrastructure, rise in specialty food stores.
Strong Future Growth AnticipatedThe organic olive oil market is projected to continue its strong growth, reaching $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing demand for organic products, advancements in organic farming techniques, expanding e-commerce platforms, a rising number of health-conscious consumers, innovative marketing strategies, premiumization of food products, and regulatory support for organic farming.
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Growth Driver Of The Organic Olive Oil MarketThe rising demand for functional foods is expected to propel the growth of the organic olive oil market going forward. Functional foods refer to components derived from natural sources that provide additional health benefits beyond essential nutrition. Consumers are becoming more aware of the link between diet and health, leading to a preference for foods that offer health benefits beyond essential nutrition. Organic olive oil is used in functional food due to its high content of antioxidants and healthy monounsaturated fats, which provide numerous health benefits, such as reducing inflammation and improving heart health.
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Major Players And Market TrendsKey players in the organic olive oil market include Minerva S.A., Sovena Group S.A., Deoleo S.A., Borges Organic Olive Oil Company, Roland Foods LLC, California Olive Ranch Inc.Major organizations operating in organic olive oil are looking to advance the distribution and development of organic olive by leveraging digital ecosystems such as application management systems to streamline supply chains, enhance traceability, and connect directly with global consumers. The digital application management system helps farmers learn from each other, adopt new technologies, manage their finances and marketing effectively, and join a larger community.
Segments:1) By Type: Virgin Olive Oil, Extra Virgin Olive Oil2) By Distribution Channel: Hypermarkets Or Supermarkets, Grocery Store, Online, Other Distribution Channel3) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users
Geographical Insights: Europe Leading The MarketEurope was the largest region in the organic olive oil market in 2023. The regions covered in the organic olive oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Organic Olive Oil Market DefinitionOrganic olive oil refers to olive oil produced from olives grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This type of olive oil adheres to organic farming standards and practices, ensuring the oil is natural and free from chemical residues. It is highly valued for its versatility and benefits across culinary, health, and cosmetic applications and rich in monounsaturated fats and antioxidants, which help reduce bad cholesterol levels and promote health.
Organic Olive Oil Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Organic Olive Oil Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on organic olive oil market size, organic olive oil market drivers and trends, organic olive oil market major players, organic olive oil competitors' revenues, organic olive oil market positioning, and organic olive oil market growth across geographies. The organic olive oil market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 29, 2024, 16:15 GMT
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